The Meadows

Rutherford, New Jersey

603,000 SQUARE FEET

12 STORIES

ASSET CLASS: Class A Office

IRR: 24.8% (Projected)

MULTIPLE: 3.1x (Projected)

TOTAL EQUITY: $29,573,000

The Meadows is a 603,000-square-foot two-building Class A office complex in the highly desirable Meadowlands submarket, just eight miles from Manhattan. It was purchased in 2015 for $125,200,000 with senior and mezzanine debt totaling $104,000,000. The property underwent extensive renovations from 2014 through 2016 and is occupied by high-quality tenants, including MALO, Sony Music Entertainment, SGS North America and Shiseido Americas. In addition to the acquisition and syndication, American Landmark Properties manages and leases this property.